Based on the current market data and recent developments, ETR stock shows mixed signals. The stock is currently trading at $81.38 with a regular market decline of -1.24%, suggesting near-term selling pressure.
The RSI-14 reading of 60.99 indicates moderate bullish momentum but not overbought conditions. The stock is trading above its 20-day moving average of $80.65, showing short-term strength. Fibonacci levels suggest immediate resistance at $82.99 and support at $76.96.
Recent analyst actions have been cautious. Scotiabank maintained a Hold rating with an $82 price target on January 7, 2025, while KeyBanc downgraded to Hold in December 2024 citing valuation concerns. The company is expected to report Q4 earnings on February 18, with analysts projecting EPS of $0.65, a significant increase from $0.26 in the year-ago quarter.
The company recently declared a quarterly dividend of $0.60 per share, payable on March 3, 2025, demonstrating continued commitment to shareholder returns with an estimated annual yield of 2.91%.
Given the current technical setup, mixed analyst sentiment, and upcoming earnings catalyst, selling ETR at current levels appears more prudent than buying. The stock is trading near resistance levels with weakening momentum, and the recent analyst downgrades suggest limited upside potential in the near term.